The Impact of Technology on Accounting in Small and Medium- Sized Businesses in the State of Telangana

The impact of information technology in accounting is playing a major role in small and medium enterprises information technology has been the prevailing impact to businesses and around the world .It is now given stretching from the perspective of technology and it is benefits as to whether it can be effective, that is improving small and medium enterprises performance, where many if not most of businesses implementation include competitive advantage, reduction in human errors. Companies in telangana state have different reasons for frequent improvement of technology to existing technologies used in the companies. an system application practices company outlined that using technology to maximize your business productivity creates the platform to realize true business success business productivity and information technology ensures organizations have the tools to overcome the challenges of executing on strategy every day and prospering in present global scenario.. Small and medium enterprises business firms implements technology because it enables the company to keep up with other small and medium enterprises business firms in throughout the world. And technology allows businesses to improve their communication processes. The use of emails and other websites can help companies improve communication with customer.. This helps in maintaining competitive advantage and business owners can use technology to reduce business costs. And it helps in automating back office functions, for example record of book keeping, accounting and payroll. Technology can also be used to create secure environments for maintaining sensitive business or customer information. in global scenario